Teaching Plan Information

5.1. Methodological overview

The learning process designed for this subject is based on the following:
The teaching methodology of this subject is based on the explanation, reading, study, exhibition, discussion and summary of the most important theoretical and empirical literature, provided to the student directly or via the Internet.
The financial analysis is based on case studies applied to the financial reports of different public administrations published on the websites. The analysis of public administration efficiency is based on performance audit reports published on the website of the Regional Audit Offices (RAIs), and on the DEA method.
With respect to the valuation of companies, students will apply their knowledge to solving practical cases, which will be discussed later in groups.
In addition, the students are introduced to different research methodologies in these areas.

5.2. Learning tasks

The programme offered to the students to achieve the expected results includes the following activities:
The sessions will evolve around student discussion of each issue raised, monitored by the teacher, and based on the references provided. At the end of each session, the teacher will summarize the main conclusions and present the research lines that remain open on the subject that has been studied.
The distribution of time between the various activities is as follows:

5.3. Syllabus

1. Financial analysis of public administrations reports.
- The financial statements of public administrations.
- Analysis of liquidity and solvency.
- Analysis of budgetary balance.
 
2. Analysis of efficiency of public services and programmes.
- The difficulty of measuring the efficiency/performance of governments.
- The performance audit (of economy, efficiency and effectiveness).
- Other methods to analyze the efficiency of governments: the DEA.
 
3. The process of business valuation.
- Classification of valuation methods: comparative study.
- Methodologies based on substantial value, value performance and free cash flows.
- Application of financial rules and accounting structures in the valuation. Convergence of valuation formulas
 
4. Other valuation processes.
- Valuation problems in mergers and acquisitions. Technical valuation rules for auditors
- Analysis of value drivers
- Management techniques based on the creation and distribution of value.

5.4. Course planning and calendar

The theoretical and practical classes will be held one evening a week throughout the entire course, in accordance with the official schedule of the Masters Degree in Accounting and Finance. The schedule will be published on the website of the Department:
https://contabilidadyfinanzas.unizar.es/masteres-universitarios/master-en-contabilidad-y-finanzas